The London Metal Exchange , the world's oldest and largest market for industrial metals, announced that it would remain open on September 19, the day of Queen Elizabeth's funeral.
Whether to close or remain open was a difficult decision for the LME because the Queen's funeral falls on an important calendar date - when monthly valuations for September are established. This is why it is choosing to keep operations running. However, despite the market staying open, there will be some changes. For example, the first open-outcry session will be canceled since it coincides with the timing of the funeral service.
The decision contradicts the nation's declared public holiday. Over the weekend, Buckingham Palace announced the date for the funeral, with the UK observing a national holiday on that date.